Entrepreneurship Basics: Starting and Managing a Business
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Questions and Answers

Steve Jobs is the creator of ______.

Apple

An executive summary is a concise overview of the key points and elements of a ______.

business plan

Thomas Edison said that our greatest weakness lies in ______.

giving up

A ______ is a long-term plan for achieving a company's goals by understanding the needs of customers.

<p>marketing strategy</p> Signup and view all the answers

The target customer is the person or company for whom your technology solves a specific ______.

<p>problem</p> Signup and view all the answers

The consumer market is made up of individuals and households who buy goods for their own ______.

<p>use</p> Signup and view all the answers

Entrepreneurship is about starting and managing a new ______ to make money and offer valuable products or services to customers.

<p>business</p> Signup and view all the answers

The term “entrepreneur” originates from the French word ______ which means to undertake.

<p>entreprndre</p> Signup and view all the answers

Entrepreneurs are typically seen as someone who identifies ______, takes risks, and innovates to create new products, services, or businesses.

<p>opportunities</p> Signup and view all the answers

A ______ is generally focused on managing and growing an existing business.

<p>businessman</p> Signup and view all the answers

Before founding KFC, Colonel Harland David Sanders ran a ______ where he also served meals to customers.

<p>gas station</p> Signup and view all the answers

Sanders' recipe was accepted after facing rejection ______ times.

<p>1,009</p> Signup and view all the answers

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